1.You qualify for the reward if your invitee completes KYC verification, deposits at least $50, and meets the minimum total trading volume of $250 within 7 days after registration. Total trading volume = contract trading volume + Spot trading volume.

2.The Phemex Referral Program covers Spot and Contract trading, and the cashback rewards are calculated separately based on your Invitee's respective trading volumes. For example, if your Invitee‘s Spot trading volume reaches a certain amount, you will receive the corresponding cashback. When your Invitee reaches the top trading volume amount, you will receive all the rewards. The Invitee can also earn corresponding rewards.

3.The invitation bonus can only be used to open a position, pay a trading fee, or cover losses. Direct withdrawals, transfers, and conversions are not supported.

4.When you are eligible for the rewards (including cashback/bonus), the rewards will be credited to within 30 working days. You need to claim your rewards within 30 days.

5.Due to the large number of participants, it will take more time to distribute the rewards to your Spot Account. We thank you for your patience and continued support. Please note that users who violate the terms will not be eligible for referral rewards. If you have any questions, please contact our customer service.

6.The following actions will result in immediate disqualification：batch account registration, profits from market manipulation, self-dealing or wash trades.Your account will be banned if any cheating is detected by our system.

7. To prevent any malicious actions, referral bonuses will be canceled if we detect any of the methods listed.

8.Phemex reserves the right to modify this program's terms and conditions as final.